West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Jun 23, 2026 is estimated to be $467 Million, with a cash option of 211 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Jun 23, 2026

Draw Date	Jackpot	Cash Option
Tue Jun 23, 2026	$467,000,000	$211,000,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$211,000,000
Federal Tax(24%)	$50,640,000
Additional Federal Tax	$27,390,330
State Tax(6.5%)	$13,715,000
Net Lumpsum Payment	$119,254,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$7,028,817	-$2,560,993 -$456,873	$4,010,951
2	$7,380,468	-$2,691,104 -$479,730	$4,209,634
3	$7,749,398	-$2,827,608 -$503,711	$4,418,079
4	$8,137,008	-$2,971,023 -$528,906	$4,637,079
5	$8,543,765	-$3,121,523 -$555,345	$4,866,897
6	$8,971,070	-$3,279,626 -$583,120	$5,108,324
7	$9,419,390	-$3,445,505 -$612,260	$5,361,625
8	$9,890,593	-$3,619,850 -$642,889	$5,627,854
9	$10,385,146	-$3,802,834 -$675,034	$5,907,278
10	$10,904,450	-$3,994,977 -$708,789	$6,200,684
11	$11,449,439	-$4,196,623 -$744,214	$6,508,602
12	$12,021,981	-$4,408,463 -$781,429	$6,832,089
13	$12,623,010	-$4,630,844 -$820,496	$7,171,670
14	$13,254,394	-$4,864,456 -$861,536	$7,528,402
15	$13,917,067	-$5,109,645 -$904,609	$7,902,813
16	$14,612,897	-$5,367,102 -$949,838	$8,295,957
17	$15,343,285	-$5,637,346 -$997,314	$8,708,625
18	$16,110,566	-$5,921,240 -$1,047,187	$9,142,139
19	$16,916,141	-$6,219,303 -$1,099,549	$9,597,289
20	$17,761,878	-$6,532,225 -$1,154,522	$10,075,131
21	$18,650,112	-$6,860,872 -$1,212,257	$10,576,983
22	$19,582,711	-$7,205,933 -$1,272,876	$11,103,902
23	$20,561,543	-$7,568,101 -$1,336,500	$11,656,942
24	$21,589,877	-$7,948,585 -$1,403,342	$12,237,950
25	$22,669,114	-$8,347,903 -$1,473,492	$12,847,719
26	$23,802,990	-$8,767,437 -$1,547,194	$13,488,359
27	$24,992,906	-$9,207,706 -$1,624,539	$14,160,661
28	$26,242,598	-$9,670,092 -$1,705,769	$14,866,737
29	$27,554,868	-$10,155,632 -$1,791,066	$15,608,170
30	$28,932,518	-$10,665,362 -$1,880,614	$16,386,542